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Egypt is on track to record a 2% primary budget surplus in FY2018-19, says Maait
Egypt is on track to record a 2% primary budget surplus in FY2018-19 as state revenues rose more than 35%…
Speed Round
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Egypt banks will see their taxes rise as a result of separately accounting for income from holdings of state debt
Banks will pay significantly more taxes under gov’t proposal that they account separately for their investments in state debt: The…
Correction
CORRECTION- We had incorrectly said in our Monday issue that Pioneers Holding was looking to acquire 100% of Electro Cable…
Shady Amin appoints to head the Trade Ministry’s IDA
MOVES- Trade Minister Amr Nassar has appointed Shady Amin to head the ministry’s Industrial Development Authority (IDA), ministry sources said,…
Facebook appoints Ramez Shehadi as its MENA managing director
MOVES- Facebook has announced it had tapped veteran Booz management consultant Ramez Shehadi (LinkedIn) as its new managing director for…
Sherif Elwy selected as CEO of Arab African International Bank
MOVES- Sherif Elwy (bio) was reportedly named CEO and managing director of Arab African International Bank, replacing Hassan Abdalla, an…
Executive regulations for Food Cart Act ready soon
LEGISLATION WATCH- Executive regulations for the Food Cart Act will be ready “soon,” Investment Minister Sahar Nasr said, according to…
Gov’t looks to raise stamp tax on phone lines
EXCLUSIVE- Gov’t looks to raise stamp tax on phone lines: The Finance Ministry could raise the stamp tax on phone…
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